LaFleur Minerals Provides Update on Confirmation Drilling for PEA at Swanson Gold Deposit and Beacon Gold Mill, Val-d'Or, Quebec

Executive Summary

• LaFleur Minerals announced the launch of a 10‑hole twinned‑hole drilling program at the Swanson Gold Deposit to validate historic drill data, improve the mineral resource model, and support a forthcoming Preliminary Economic Assessment (PEA) for restarting the Beacon Gold Mill.
• The company provided detailed historical high‑grade intersections (e.g., BAR04-82 – 24.39 m @ 6.06 g/t Au) and highlighted the proximity of Swanson to its fully permitted 750‑t/d Beacon Mill, underscoring a vertically integrated production scenario.
• Restart activities at the Beacon Mill are progressing, with mechanical upgrades, equipment repairs, and recruitment for key operational roles; an estimated 10–20 kt of mineralized stockpiles remain on site for initial trial runs.

Key Details

• Drilling Program Scope: 10 twinned holes targeting sectors adjacent to historic drill locations to (1) validate historical drilling, (2) confirm continuity and scale of mineralization, (3) provide core for ore‑sorting/metallurgical testing, and (4) enhance the current Mineral Resource Estimate.
• Historical High‑Grade Intersections Highlighted:
• BAR04-82 – 24.39 m @ 6.06 g/t Au
• BAR31-84 – 51.00 m @ 3.46 g/t Au
• SW‑03‑07 – 69.30 m @ 3.03 g/t Au
• Additional intervals listed in Table 1 (e.g., BAR33‑84, BAR37‑85, etc.).
• PEA Objective: Use confirmed drill data to produce a technically robust PEA for restarting gold production at the Beacon Mill, leveraging Swanson’s high‑grade zones and low strip ratio potential.
• Beacon Gold Mill Status:
• Fully permitted 750 t/d facility (crushing, grinding, flotation, regrind, leaching, Merrill‑Crowe).
• Under care & maintenance since March 2023; now undergoing mechanical, electrical, and operational upgrades (filter presses, tailings pump box, leach tanks, pumps, motors, air systems, monitoring instruments, gravity concentrator circuit).
• Recruitment underway for Mill Manager, Maintenance Superintendent, electricians, millwrights, plant operators, and support staff.
• Stockpiled Material: Estimated 10‑20 kt of mineralized material on site to be used for initial trial runs; grade remains conceptual pending further definition.
• Strategic Context: Swanson and Beacon Mill sit in the Abitibi Greenstone Belt’s Val‑d’Or mining camp, a region attracting significant M&A activity; current gold price near US$4,000/oz enhances economic upside and potential for rapid cash‑flow generation.
• Qualified Person: Louis Martin, P.Geo., Exploration Manager & Technical Advisor (NI 43‑101 QP).

Notable Quotes

“Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above $4,000 per ounce offers amazing economic potential… We aim to have the PEA completed as soon as assay results on the twinned holes are received in the coming weeks.” – Paul Teniere, CEO, LaFleur Minerals.